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Oil and Gas Oil and Gas Refining

  • HOUSTON, Aug 29- Heavy rains and flooding from Tropical Storm Harvey on Tuesday triggered more oil refining outages in Texas, bringing the total offline to more than 16 percent of overall U.S. capacity as the storm took aim at plants along the Louisiana coast. The storm had dropped back over the Gulf of Mexico on Monday, sending heavy rains from Houston through to...

  • *Rebels attack oil pipeline in Colombia. *Oilfields in Libya shut by pipeline blockade. International Brent crude futures were down 7 cents at $51.82 a barrel, having traded as high as $52.19 and as low as $51.36 earlier in the day.

  • HOUSTON, Aug 29- Heavy rains and flooding from Tropical Storm Harvey threatened more oil refineries along the Louisiana coast after hammering plants in Texas, forcing Exxon Mobil Corp and Citgo Petroleum to consider shutdowns. Between five and 15 inches of rain was expected in south-central Louisiana, the National Hurricane Center said on Tuesday.

  • Buyers in the United States and in Latin America, which has been reliant on U.S. exports, could turn to Europe, traders said. "Owners are being asked to provide transatlantic options on cargoes being shipped out of the Med or NWE with the view to diverting cargoes to the United States or Latin America," said Andrew Wilson, head of energy research at shipping firm BRS...

  • LONDON, Aug 29- Record oil and refined products stocks will cushion potential shortages caused by Hurricane Harvey, the International Energy Agency said on Tuesday, adding that it could release emergency oil stocks in the event of extended outages. Some crude production and about 2 million barrels per day of refining capacity has been shuttered as Harvey has...

  • IEA COULD RECOMMEND RELEASE OF EMERGENCY OIL STOCKS IN THE EVENT OF EXTENDED U.S.

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still affected by pipeline blockade. LONDON, Aug 29- Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry.

  • Buyers in the United States and in Latin America, which has been reliant on U.S. exports, could turn to Europe, traders said. "Owners are being asked to provide transatlantic options on cargoes being shipped out of the Med or NWE with the view to diverting cargoes to the United States or Latin America," said Andrew Wilson, head of energy research with shipping firm BRS...

  • NEW YORK, Aug 29- U.S. refiners in the Midwest will be among the biggest winners after Hurricane Harvey dealt a blow to their competitors on the U.S. Gulf Coast. Midwest refiners have the added advantage of pricing their fuel based on benchmark prices in the Gulf Coast markets, which hit five-year highs on Monday. More than 2 million barrels per day of U.S. refining...

  • Harvey's refinery disruptions remain fluid: Nasdaq's Tamar Essner

    Tamar Essner, Energy Director with Nasdaq Advisory Services, talks about the impact of Hurricane Harvey on oil production in the U.S.

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still affected by pipeline blockade. LONDON, Aug 29- Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry.

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still affected by pipeline blockade. LONDON, Aug 29- Crude traded in a narrow but volatile range on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States, the world's largest oil consumer, after a hurricane ripped through the heart of its oil...

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still impacted by pipeline blockade. SINGAPORE, Aug 29- Flooding from tropical storm Harvey caused ongoing large-scale U.S. refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya.

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still impacted by pipeline blockade. SINGAPORE, Aug 29- Flooding from tropical storm Harvey caused ongoing large-scale U.S. refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya.

  • *Harvey brings heavy rainfall, flooding to U.S. Gulf coast. SINGAPORE, Aug 29- Flooding from tropical storm Harvey caused ongoing large-scale U.S. refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya. Massive floods caused by Harvey forced several refineries to close along the U.S. Gulf Coast, while heavy...

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still impacted by pipeline blockade. SINGAPORE, Aug 29- Heavy rains from tropical storm Harvey caused large-scale U.S. refinery outages, pushing up gasoline prices, while crude prices rose in early Asian trade on Tuesday on the back of supply disruptions in Colombia and Libya.

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still impacted by pipeline blockade. SINGAPORE, Aug 29- Heavy rains from tropical storm Harvey caused large-scale U.S. refinery outages, pushing up gasoline prices, while crude prices rose in early Asian trade on Tuesday on the back of supply disruptions in Colombia and Libya.

  • U.S. Gulf Coast refiners will bounce back quickly, but the extent of flooding will determine the pace, says Matt Smith, director of commodity research, Clipper Data.

  • A gas pump is covered with an out of service message as fuel ran out ahead of Hurricane Harvey's arrival near the Texas coastal area, in Houston, Texas, August 25, 2017.

    Hurricane Harvey is causing oil refineries in Texas to shut down and this could cause gas prices to rise.

  • This is how long one energy expert thinks Texas refiners will be shut down following Harvey

    Robert Raymond, RCH Energy founder, discusses the chain reaction affecting oil refineries during Hurricane Harvey.